As lobster processors on North America’s East Coast struggle to stay in the business, lobster processor and supplier East Coast Seafood is projecting revenue growth.
Just three months after acquiring the scallop company Seatrade International, East Coast Seafood CEO Michael Tourkistas expects the two companies’ synergies to produce 10 to 15 percent growth next year, elevating revenues to $300 million (€229 million) in 2013. Last year, before it acquired Seatrade, East Coast's revenues totalled $150 million.
Tourkistas is targeting sales of $250 million (€190 million) in 2012 – an exact combination of East Coast's sales and the $100 million (€76 million) Seatrade made last year, he told IntraFish on Monday.
Tourkistas,
